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Economic Forecast: What Is the Outlook for Growth in the New Administration?

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The U.S. economy has changed drivers and shifted gears under the Trump administration. What can consumers, businesses and investors expect for the next couple of years?

Cal State Fullerton economists Anil Puri and Mira Farka will analyze recent trends and share their views on which policy proposals from the administration and Congress are likely to pass, what the impact may be, and risks for the economy, during the Thursday, April 27, Spring Economic Forecast.

The two economists have outperformed industry consensus in accuracy for the last three years, matching actual real GDP and employment growth, unemployment, and the inflation growth rate.

“The new administration presents a true regime shift given its pro-growth agenda of tax cuts, deregulation and fiscal stimulus,” says Farka. “It also presents a broader range of outcomes, both on the upside and downside, given its approach to governing. However, the bigger problem is political reality — the difficulty to reach a broad consensus in Congress — which may hamper the best laid plans,” she adds.

Puri is interim provost and vice president for academic affairs at Cal State Fullerton. A member of the faculty since 1977, he served as dean of the Mihaylo College of Business and Economics prior to his latest appointment and is director of the Woods Center for Economic Analysis and Forecasting. He has presented biannual economic forecasts for Orange County and the nation for more than 20 years. 

Farka, associate professor of economics and co-director of the Woods Center for Economic Analysis and Forecasting, has taught at the University since 2005. She has published in leading academic journals and is frequently invited to share her expertise on economic and financial issues by various business, government and educational organizations. Prior to joining CSUF, she was a senior economist for Deutsche Bank in New York, where she was responsible for developing economic forecast models, currency forecasts and financial market analyses.

The 11 a.m. – 1:30 p.m. program will be held at the Irvine Marriott, 1800 Von Karman Ave., Irvine, 92612.

Cost to attend the forecast is $150 per seat or $1,250 for a corporate table of 10. Sponsorships are available. Reservations are required and can be made online. For more information, contact Amanda Leon at 657-278-7918. 

Media Contact:

Pamela McLaren, 657-278-4852